Political Quotes

“I want to thank my colleagues from Maryland and from Indiana for bringing this amendment forth. I am honored to be a cosponsor of this amendment. Social impact bonds essentially allow a way in which we can leverage philanthropic dollars to meet a socially desirable outcome. It is only paid back if that outcome is reached. What this can apply to teacher development and teacher training is a type of market discipline--to fund what works, to leverage our limited resources through a Pay for Success mechanism to ensure that we are getting what we paid for. This is important to educators who deserve the very best in professional development. It is important for students to make sure that they benefit from the limited professional development dollars that we have. It is also important for the philanthropic community and for government investment because we want to make sure our dollars are deployed as positively as possible. Some of these metrics can include: Does the professional development lead the recipient to help improve student achievement? That is one of the ultimate benchmarks of whether professional development and teacher training work. By tying and aligning our limited resources for outcomes for supporting teachers through a Pay for Success initiative, we can make sure that our limited investment has a maximum positive benefit. Madam Chairman, I strongly urge my colleagues to adopt this strong amendment.”